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The trading floor of InCommodities, on a commercial estate in the Danish city of Aarhus, shows off a dynamic, new side of Europe’s energy markets. Youthful traders at the company, part-owned by Goldman Sachs, keep their eyes on banks of huge screens, watching for the perfect moment to buy or sell electricity. Other staff are … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors are pouring cash into gold funds at the fastest pace since the Covid-19 pandemic, amid mounting concerns over the economic impact of US President Donald Trump’s tariff war. Gold reached a record $3,148.88 a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The private equity backers of Spanish telecoms group MasOrange are exploring an initial public offering of the company next year, as buyout groups seek to cash out some of their assets. MasOrange, the largest mobile … Read more
new video loaded: SpaceX Launches First Crewed Flight Over Earth’s Poles transcript Back transcript SpaceX Launches First Crewed Flight Over Earth’s Poles Four private astronauts lifted off from Florida on Monday on the Fram2 mission to orbit Earth from pole to pole. “3, 2, 1, ignition — and liftoff.” “T-plus 35 seconds into the Fram2 … Read more
Last month the National Association of College and University Business Officers reported that the average American endowment returned 11.2 per cent last year. Huzzah! Trebles all round. Unfortunately, this is slightly worse than what a passive global 70/30 equity/bond portfolio returned in 2024. OK, well maybe it was a weird year. Endowments and their racier … Read more
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. The UK’s £32bn pensions lifeboat has said it will invest 10 per cent of its assets in British infrastructure and scale-up companies if the government expands its remit to allow it to hoover up smaller … Read more
Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. The writer is the president and chief executive of the Investment Company Institute The challenge ahead for Donald Trump’s nominee for chair of the Securities and Exchange Commission is to show how the securities … Read more
The world’s first exchange traded fund investing in catastrophe bonds is set to list today on the New York Stock Exchange, opening up a potential source of returns uncorrelated to other asset classes. Cat bonds are securities issued by insurers, reinsurers and governments to offload some of their risk from large-scale disasters. They typically offer … Read more
Klarna’s announcement that it will bring “buy now, pay later” loans to food delivery app DoorDash two weeks ago was intended to showcase the Swedish fintech’s US growth before its long-awaited initial public offering. Instead, it triggered a backlash. The tie-up prompted a flurry of jokes on social media with users comparing taking on debt … Read more
A spiral of light illuminating the night sky captivated observers in Britain and much of Europe on Monday. Its cause: a SpaceX rocket, experts said, after the glowing spectacle ignited widespread curiosity and speculation about its origin. The ethereal display, seen from England to Eastern Europe, resembled a glowing celestial whirlpool in images posted on … Read more